PCA Board Approves Regular Dividend for Shareholders
PCA Board Approves Regular Dividend for Shareholders
Packaging Corporation of America (NYSE: PKG), headquartered in Lake Forest, Illinois, has made an exciting announcement regarding its quarterly dividend. The company’s Board of Directors has officially approved a regular quarterly dividend set at $1.25 per share of common stock. This is a testament to PCA's commitment to returning value to its shareholders.
Dividend Payment Details
The upcoming quarterly dividend is poised to benefit numerous investors. Shareholders on record by a specific date, which is set for December 20, will receive their dividend payments on January 15 of the following year. It's worth noting that while this payment exemplifies PCA's strong financial position and commitment to shareholder returns, future dividends will also be subject to the Board's ultimate decision.
PCA's Position in the Industry
PCA stands proudly as the third largest manufacturer of containerboard products in the U.S. This significant positioning underscores their pivotal role in the paper and packaging industry. Beyond containerboard, PCA is also recognized as a leading producer of uncoated freesheet paper across North America.
Facilities and Production
The company operates an extensive network within the industry, boasting eight paper mills and 86 corrugated products plants, along with various related facilities. This expansive operational footprint allows PCA to meet varying customer demands effectively while continuing to innovate in an ever-evolving marketplace.
Commitment to Shareholders
Packaging Corporation of America remains dedicated to enhancing shareholder value through diligent management and strategic growth initiatives. The consistent dividends reflect their robust profit generation capabilities and commitment to maintaining a sound financial foundation.
Future Dividend Declarations
While the announcement of the quarterly dividend is significant, it's essential for investors to stay informed about potential future dividends. PCA's Board will determine subsequent distributions based on the company's performance and overarching market conditions. Such considerations ensure that dividends remain sustainable over the long term.
Frequently Asked Questions
What is the declared quarterly dividend amount?
The Board of PCA has approved a quarterly dividend of $1.25 per share.
When will the dividend be paid to shareholders?
The dividend will be paid on January 15, following the record date of December 20.
How does PCA rank in the containerboard products industry?
PCA is the third largest producer of containerboard products in North America.
How many facilities does PCA operate?
PCA operates eight paper mills and 86 corrugated products plants and related facilities.
Are future dividends guaranteed?
Future dividends will depend on the Board's determination and the company’s financial performance.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. If any of the material offered here is inaccurate, please contact us for corrections.